NATIONAL GRID PLC-SP ADR (NGG) Stock Technical Analysis
NYSE:NGG - New York Stock Exchange, Inc. - US6362744095 - ADR - Currency: USD
We assign a technical rating of 8 out of 10 to NGG. In the last year, NGG was one of the better performers, but we do observe some doubts in the very recent evolution.
When comparing the yearly performance of all stocks, we notice that NGG is one of the better performing stocks in the market, outperforming 86% of all stocks.
NGG is part of the Multi-Utilities industry. There are 25 other stocks in this industry. NGG outperforms 100% of them.
NGG is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so NGG is performing more or less in line with the market.
NGG has an average volume of 1106390 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
In the last month NGG has a been trading in the 67.08 - 74.81 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NGG has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
55.44
75.54
We found 5 important support areas.
- A support zone ranging from 68.62 to 70.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @67.43 from a horizontal line in the daily time frame.
- Support @65.17 from a trend line in the daily time frame.
- Support @62.12 from a horizontal line in the daily time frame.
- Support @56.00 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 74.35 to 74.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for NGG is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NGG is down. |
| ChartMill Relative Strength | 86.07 | POSITIVE | NGG has a high relative strength, it outperformed 86.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NGG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NGG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NGG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.78 | NEUTRAL | The RSI value for NGG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.37 | NEGATIVE | The MACD value suggests NGG has a negative trend. |
| Stochastics (14,3) | 19.1 | OVERSOLD | The low Stochastics value suggests NGG may be oversold. |
| Average True Range in percent/ATR (20) | 1.82 | LOW VOLATILITY | The low ATR as a percentage value for NGG suggests low volalility. |
| Average Directional Index/ADX (14) | 11.82 | NEGATIVE | The low ADX value for NGG suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
70.7
-0.33 (-0.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg-0.46%
1 Week-0.97%
2 Weeks-3.98%
1 Month0.74%
3 Month16.23%
6 Month15.37%
12 Month26.25%
2 Year5.01%
3 Year9.29%
5 Year16.4%
10 Year0.37%
15 Year75.97%
Volatility
ATR(14)1.13
ATR(20)%1.82%
ATR Inc-68.16%
Range Today0.47
ADR(20)0.92
ADR(20)%1.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.07
Mansfield0.46
10 Day High74.81
10 Day Low70.62
20 Day High74.81
20 Day Low67.08
52 Week High74.82
52 Week Low55.13
CS1 End70.69
CR1 Start74.35
Volume & EV
DER(3)-2.25%
DER(5)0.59%
Volume537.00K
Volume Incr-0.18%
Vol(5)1.17M
Vol(50)1.11M